Search for: "Michael Ovitz"
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15 Feb 2024, 1:23 pm
Disney President Michael Ovitz walked away with a $130 million severance payment after just over a year of work. [read post]
1 Apr 2023, 12:01 pm
Virgin Islands issued subpoenas this week to Sergey Brin, Thomas Pritzker, Mortimer Zuckerman and Michael Ovitz to gather information for its civil lawsuit against JPMorgan JPM 1.21%increase; green up pointing triangle Chase & Co. over the bank’s relationship with Jeffrey Epstein, according to people familiar with the matter.The subpoenas from the U.S. territory’s attorney general seek any communications and documents related to the bank and Epstein, the people… [read post]
21 Sep 2022, 4:45 pm
The case addressed a $130 million termination package delivered to former Disney CEO, Michael Ovitz, after fourteen months of underperformance at the company. [read post]
21 Dec 2021, 1:57 pm
An example of board members participating in addressing management responsibilities arose when Michael Eisner, the CEO of Walt Disney, utilized the chairman of Disney’s compensation committee and another experienced director to handle the employment negotiations with Michael Ovitz and his advisers.[4] Such an interactive relationship between certain directors and members of management helps ensure the quality of the flow of information to the Board and is… [read post]
6 Dec 2021, 4:00 am
Early in my career as a legal academic, I wrote about the suits over Michael Ovitz's compensation as President of the Disney Company. [read post]
19 Nov 2021, 10:47 am
The need for effective stress testing is exemplified by the recent breakdowns in the governance structures of Wells Fargo, Volkswagen, Credit Suisse, and Boeing, among others, with this focus on the governance structure going back to the well-known Walt Disney Shareholder Derivative Litigation involving the hiring and the subsequent termination of Michael Ovitz. [read post]
7 May 2020, 8:57 pm
” Before I dig into packaging, I have to recommend that you read Michael Ovitz’s autobiography: Who is Michael Ovitz? [read post]
4 Mar 2019, 5:41 am
One of the new videos tells the story of the famous Walt Disney shareholder derivative litigation challenging Michael Ovitz’s massive severance compensation. [read post]
30 Nov 2015, 4:04 am
Notably, the meaning of “not in good faith” was pivotal in the lengthy and costly litigation arising from the Disney corporation’s termination of Michael Ovitz. [read post]
30 Jul 2014, 8:23 pm
To the surprise of many, in 1998 Livent received a $20 million dollar injection from Michael Ovitz, co-founder of Creative Artists Agency, the world’s largest talent agency and later President of Walt Disney Corporation. [read post]
30 Jul 2014, 8:23 pm
To the surprise of many, in 1998 Livent received a $20 million dollar injection from Michael Ovitz, co-founder of Creative Artists Agency, the world’s largest talent agency and later President of Walt Disney Corporation. [read post]
20 Jan 2014, 3:16 am
In the mid-1990s, the Walt Disney Company hired Michael Ovitz to be its #2 executive. [read post]
24 Dec 2013, 8:40 am
Daniel Schnapp has news of a lawsuit by Michael Ovitz against Perry Rubinstein Gallery. [read post]
2 Dec 2013, 10:34 pm
Prominent art collector, Michael Ovitz, who had a short stint as president of the Walt Disney Co. in the mid-1990s, claimed in the Los Angeles Superior Court lawsuit filed Tuesday that the Perry Rubenstein Gallery improperly sold two of his works by contemporary American painter and photographer Richard Prince. [read post]
15 Nov 2011, 2:09 pm
The first source of endearment is a small piece of the Disney opinion not often discussed, involving general counsel Sanford Litvack's advice to Michael Eisner about the termination of Ovitz contract for cause rather than the Non-Fault Termination ("NFT") package that engendered the whole litigation shebang. [read post]
3 Oct 2011, 2:58 am
It has been nearly 15 years since the Walt Disney Company offered Michael Ovitz a non-fault termination and the estimated $140 million severance package which came as a reward for 14 1/2 months of turbulent and ineffective leadership at the... [read post]
20 May 2011, 2:12 pm
Alex Ben Block A law firm also alleges it was never paid for a dispute with Ovitz's former business partner Peter Levin. [read post]
25 Apr 2011, 3:26 pm
Chandler has written many important and influential opinions during his tenure, such as the Disney case challenging Michael Ovitz's pay. [read post]
15 Oct 2010, 5:56 pm
That case concerned the compensation agreement made between Disney and its short-term CEO Michael Ovitz. [read post]
27 Sep 2010, 5:26 pm
The two were seated on a small stage in an open-air tent in front of a rich and powerful crowd that included Martha Stewart, Peter Ueberroth, Monica Seles, David Stern, Karl Rove, George Lucas, Daniel Snyder, Julian Robertson, Michael Ovitz, Alan Greenspan, Andrea Mitchell, Chris Mathews, Michael Eisner, Padma Lakshmi and Ted Forstmann, the Forstmann Little co-founder and IMG CEO who hosted the event. [read post]
